Regardless of how wrong someone is or you feel they are, can you please make your substantive points thoughtfully? This was not a good Hacker News comment, and you've unfortunately been doing this repeatedly lately.
OpenAI is spending $2 for every $1 it earns. It's certainly eating its investors' lunch, but it's not a sustainable business yet and from all accounts doesn't have a clear plan for how to become one.
Meanwhile, the ZIRP policies that made this kind of non-strategy strategy feasible are gone.
I wouldn't worry. Retracting ZIRP policies gave governments 2 choices: reduce spending by ~10% on average (in Europe), or cheat and scheme to bring them back, on a 2 year timer.
Interest rates raised, but came back down before the 2 years were even up (rate rise started 27 Jul 2022, Started coming back down 12 Jun 2024), governments have been caught cheating, and the number of central bankers replaced has gone up dramatically. Oh, and none of the governments have reduced spending. Literally not a single one. In fact, Germany has agreed to an unprecedented increase in debt financing of their government.
In other words, ZIRP, even negative rates, are coming back, and a lot sooner than most people think. Your next house, despite everything that's happened, will be more expensive. But I doubt this will save either OpenAI or Tesler.
Regardless of how wrong someone is or you feel they are, can you please make your substantive points thoughtfully? This was not a good Hacker News comment, and you've unfortunately been doing this repeatedly lately.
https://news.ycombinator.com/newsguidelines.html
OpenAI is spending $2 for every $1 it earns. It's certainly eating its investors' lunch, but it's not a sustainable business yet and from all accounts doesn't have a clear plan for how to become one.
Meanwhile, the ZIRP policies that made this kind of non-strategy strategy feasible are gone.
I wouldn't worry. Retracting ZIRP policies gave governments 2 choices: reduce spending by ~10% on average (in Europe), or cheat and scheme to bring them back, on a 2 year timer.
Interest rates raised, but came back down before the 2 years were even up (rate rise started 27 Jul 2022, Started coming back down 12 Jun 2024), governments have been caught cheating, and the number of central bankers replaced has gone up dramatically. Oh, and none of the governments have reduced spending. Literally not a single one. In fact, Germany has agreed to an unprecedented increase in debt financing of their government.
In other words, ZIRP, even negative rates, are coming back, and a lot sooner than most people think. Your next house, despite everything that's happened, will be more expensive. But I doubt this will save either OpenAI or Tesler.